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Mighty Well isn't accepting new investments

Mighty Well’s deadline was April 1, 2018

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Mighty Well

Fashionable and functional products that transform the patient experience
Women Founders Social Impact B2C
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Featured image of Mighty Well
$99,995
Raised
238
Investors
Successfully funded and closed on April 1, 2018.
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Pitch Updates 13 Reviews 90
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Closed on April 1, 2018. Information may not be up-to-date. Campaign closed on April 1, 2018. Information displayed may not be up-to-date.

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Mighty Well Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Mighty Well Crowd SAFE
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Hear from some of the 238 investors in Mighty Well


Show more

Deal Highlights

  • Mighty Well® applies the latest and most innovative fabric technologies to meet patient needs
  • Medical fashion is a $25B market opportunity in the US, according to the New York Times, which is unbranded and not subject to seasonality
  • 250% revenue growth from Q1 to Q3 of 2017 with 1st product launch
  • Expected 70% average profit margin for next five product lines
  • Raised $250K from the former CMO at Reebok International


Sarah Dame, 22, living with Ehlers Danlos Syndrome and Gastroparesis. Thanks to her Mighty Wrap, Mighty Pack, and Mighty Tank, she can conceal and secure her feeding tube and IV port in her chest and no one has to know, all while looking stylish and confident.


It All Started with a Cut Off Sock,

a Cute Hockey Player, and an 8 AM Finance Class.
Oh, and a PICC Line*

That inspired us to launch our first product, the PICCPerfect® PICC Line Cover, while students at Babson College. Mighty Well® was started once we began to grow beyond our proof of concept. 

We have created a brand platform that goes beyond the needs of a single market and instead focuses on the needs of the $40B global market opportunity that we are penetrating.

Your browser does not support HTML5 video.

Our First Product, PICCPerfect® PICC Line Cover. Patent Pending.

*PICC Line: Peripherally Inserted Central Catheter used for long-term IV treatment


Patients Don’t Have To Look Like Patients 

1 in 3 Americans Suffers from an Illness

  •  When someone becomes a patient's caregiver, his or her day-to-day experiences and lifestyle change, which requires specific products and solutions that help adapt to health setbacks.
  • Available products are either low in quality or homemade; designs are focused on either function or style, but rarely both.
  • A patient’s family, friends, and caregivers have a strong desire to help, but lack meaningful products and/or knowledge on how to provide support.


Medical Fashion: An Emerging Market

According to a 2016 New York Times' Article, the Global Medical Fashion Industry Has Been Valued at $40B and $25B in the U.S. Alone.

Mighty Well’s® first collection of Wearable Wellness™ focuses primarily on the following patient populations: Cancer patients, diabetics, and those needing long-term vascular access with PICC lines, ports, and feeding tubes.


 An Untapped & Unbranded Market Opportunity That is Increasing Daily

Current Solutions for Patients are Ugly, Clunky and Feel Like Medical Devices 

  • Thus, customers have to compromise and resort to cheap throwaways, unstylish options, or product hacks that they see on YouTube.

  • There is no seasonality or cyclicality in the patient market, because, unfortunately, people will always be sick.
  • Top hospitals and patient advocacy organizations are actively looking for better quality of life products to recommend to their patients. 
  • Patients and caregivers are already organized online in facebook groups and in-person support groups.
    • Digital marketing efforts will be relatively easy.
  • There is the opportunity to classify our products as Class One medical devices that would then open up the potential for insurable products along with increased hospital distribution. 
    • Currently, wigs and bras for breast cancer patients are reimbursable by insurance.
  • Mighty Well® is growing to be the brand of choice for patients and their loved ones


Leading the Global Charge For Patients and their Caregivers

  1. Producing a growing line of innovative products for patients and caregivers
  2. Building a community for patients and their loved ones to find support via digital content, in-person communities, and through our brand ambassador program


Carmen, 3, Leukemia Fighter Wearing PICCPerfect®

We Create Products That Patients and Healthcare Providers Are Asking For:

Functional and Stylish Apparel and Accessories That the Patients Can Wear with Confidence — No Compromise 

  • Mighty Well® products are carefully crafted to help patients through challenging health setback and bring as much normalcy as possible back into their lives
  • Mighty Well® has created Wellness You Can Wear™
  • Our products are the best opportunity for patients’ caregivers and loved ones to provide meaningful gifts and ways to demonstrate care and support
  • If our stretch funding goal is met, Mighty Well® will invest in having select products become Class One medical devices and implementing data collection (HIPAA compliant) on our website that will help us constantly fine tune and upgrade the platform content and add value our designs and resources
  • Learn about our upcoming product lines below. Tech packs have been sent to our manufacturing partners, and these are first run samples.

Your browser does not support HTML5 video.

Mighty Med Organizer: Organize diabetic supplies, holds Epi-Pen®, inhaler, and 7 daily pages to organize medications and supplements. The hard exterior shell protects and disguises as tech/cosmetics.

Your browser does not support HTML5 video.

Mighty Pack: Insulated compartments to keep food or medication cold, converts from backpack to tote, fits over a wheelchair, easy to clean separate compartments to keep tech, medical supplies, and personal objects separate. Designed in mind for those with feeding tubes/enteral nutrition.

Your browser does not support HTML5 video.

Mighty Everyday Tank (Women's): Antimicrobial and moisture wicking for the life of the garment, free flowing outer layer with a fitted interior layer to hide feeding tubes, ports for chemo, and pockets to conceal medical supplies, such as an Epi-Pen®, inhaler, and/or diabetic supplies.

Your browser does not support HTML5 video.

Mighty Everyday Tee (Unisex): Antimicrobial and moisture wicking for the life of the garment, bonded seams for comfort, easy access to chest port for chemo or feeding tube, with a pocket to conceal medical supplies such as an Epi-Pen®, inhaler, and/or diabetic supplies.

Your browser does not support HTML5 video.

Mighty Wrap Jacket: Smart and easy way to layer, conceal, and access medical devices, and/or stay cozy in and out of hospital rooms. Run chemo infusions without taking the jacket off.

*These are first run samples from our manufacturing partner.

 3 Distinct Product Differentiations


'PICC'd Up' In The Press


Traction to Date

Revenue Growing 20% Month-Over-Month On Average Since Founding 

  • Lead investment by the former CMO of Reebok International
  • Recruited former CEO of Ralph Lauren Footwear
  • Co-branded with lead medical device manufacturers in the Vascular Access Industry, including MedComp and Vygon USA.
  • Organic traffic has increased by 822% from Q1 to Q3 of 2017
  • Compounded Monthly Growth Rate of over 24% over the last 10 months
  • Patent filed on first product: PICCPerfect®
  • CEO, Emily Levy, has spoken at top industry conferences over the past year and created strong relationships with industry leaders
    • Including the Association of Vascular Access Annual Scientific Conference two years in a row
    • Infusion Nurses Society Annual Scientific New England Meeting
    • Keynote Speaker at the Fidelity Investment Boundless Summits 
  • 250% revenue growth from Q1‘17 to Q3 ‘17
  • 350% revenue growth in one year




Creating Fighters Across The World

Trusted by Top Healthcare Industry Leaders

Mighty Well’s® first product, PICCPerfect®, has been sold in:

  • All 50 states
  • 17 countries
  • 4 continents
  • Co-branded with top medical device companies
  • Available in every cancer center in the state of Rhode Island
  • Prime on Amazon


Customer Testimonials


A Social-For-Profit Consumer Brand Business Model 

Mighty Well® is primarily direct to consumer with select wholesale accounts, and ample ability to expand with increased product offerings and funding.

Phase 1 (September ‘16-current): 

  • Products are designed in Boston
  • Manufacturing is currently based in Providence, Rhode Island
  • Current sales are focused on growing e-commerce with an emphasis on excellent customer service, as well as wholesale distribution in the top medical centers in the United States 
  • For healthcare organizations, Mighty Well® influences the key opinion leaders to recommend Mighty Well's® products to improve patients' quality of life.

Phase 2 (2018): 

  • Formal brand launch for the Mighty Well® with entire first product line 
  • Dual source production in Asia (factories already selected)
  • Focus on building co-branded partnerships to grow the Mighty Well® brand name
  • Invest in digital marketing and video content made for Facebook and Youtube 
  • Continue to design and produce innovative Wearable Wellness™
  • Build out Mighty Well’s® physical and online community and networking platform for patients and caregivers, inspiring them to live life undefeated 

Phase 3: (Q4 ‘18- 2019):

  • Incorporate HIPAA compliant data repackaging 
  • Continue to design and produce innovative Wearable Wellness™
  • Increase distribution internationally
  • Focus on re-purposing product for hospital distribution
  • Planned Series A


Competition With Room To Grow

There are other brands applying athletic fabrics to the healthcare market; however, the established players are focused on healthcare professionals. There is a lack of competitors in the direct to consumer space, with just smaller, niche-focused brands to fill the void.



Your Investment Will Allow Us To:

  1. Send our finalized tech pack designs to production and bring fully developed product to market

  2. Invest in systems and operations that will allow us to increase our operational efficiencies and revenues

  3. Implement compelling and consistent digital marketing

If we reach our stretch goal of $250,000, your investment will allow us to:

  1. Accelerate product development and expand into apparel for medical professionals
  2. File select products as Class One medical devices for expanded hospital distribution
  3. Build our online platform for patients and caregivers, and increase partnerships for expanded distribution
  4. Build out our patient data collection platform on Amazon Web Services (AWS)


Backed By The Best

Current Investors:

  1. Breakaway Innovation Group founded by Dennis Baldwin, former CMO of Reebok International. Breakaway is a brand capital firm that invents and reinvents brands utilizing a unique platform of strategy, creative, activation, investment, and talent

2.   $40K invested by Co-Founders while seniors in college

Previous Incubators:

MassChallenge, Draper University, WIN Lab, and Babson College's Summer Venture Program


Mighty Well is Making Moves

A Team With Industry Experience

Our leadership team comes from top athletic, fashion, and medical global brands. Check out the Mighty Well Team section below for our bios! 


A Letter From The Founders

We Are Mighty Well® and We Are Your Friend In the Fight™

The mission of Mighty Well® is to help patients and their caregivers turn sickness into strength. We are leading the global charge that changes the perception of patients from victims to fighters.

By talking to peers about their experiences in and out of the hospital, we found a new source of strength: each other.

Mighty Well® is just as much a place for friends, families, and caregivers as it is for patients. We believe we’re all in this together. We’re all a Friend in the Fight.

As patients and caregivers ourselves, we know there’s room for improvement. We know how cold a hospital room can get and how awkward it is to pull out a massive pillbox in class or at the office.

It’s why we started Mighty Well®.

We create the products we wish we’d had: functional and stylish apparel and accessories that you can wear with confidence-and content that can help you get through the good times and the bad. We are calling it, Wellness You Can Wear™!

With your investment, we can bring dignity and confidence back into the lives of patients and their loved ones.

(Mighty) Well Wishes,

Emily, Yousef, Maria + Team


Deal terms


Valuation cap

$5,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for Mighty Well occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$25

The smallest investment amount that Mighty Well is accepting.
Learn more

Funding goal

$500K

The maximum amount the offering can raise is $500K.
Learn more

Deadline
Mighty Well needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Mighty Well Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Mighty Well Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Mighty Well.
Invest
$25
Receive
  • A thank you shoutout on the Mighty Well website!
Invest
$100
Receive
  • Show your pride in officially being a Friend in the Fight with our 'Undefeated' Hat.
Invest
$500
Receive
  • You will receive all of the above perks, plus, you get our Friend in the Fight or Undefeated shirt. Whether you are going through a medical setback or have a loved one that is, show off how you are living Mighty Well.
Invest
$1,000
Receive
  • You will receive all of the above perks, plus, Mighty Well’s Mighty Med Organizer for you or someone you love. In addition, Mighty Well will donate 12 PICCPerfect PICC line covers to one of our partner hospitals to help patients in need.
Invest
$10,000
Receive
  • You will receive all of the above perks, plus, dinner with the Mighty Well team for a fun evening and peek behind the scenes (Boston & NYC only), and Mighty Well will donate 25 PICCPerfect PICC Line Covers in your name to one of our partner hospitals
Invest
$25,000
Receive
  • You will receive all of the above perks, plus a hands-on workshop with our founders and executive team, and the entire collection of Wearable Wellness.

Why others invested

See all reviews (0) See all (0)

I could relate to how people look at you as I had to once walk around with an IV pic for months. Thank you Mighty Well for this great idea!

Profile picture of Shaeda Bhagan Burgess
Shaeda Bhagan Burgess
Active investor
over 7 years ago

I work in healthcare. This is a great idea and will strike a chord with many patients. Patients want to feel and look "normal"; this will help their confidence and self-esteem.

Profile picture of Martha Morehead
Martha Morehead
Active investor
over 7 years ago

Mighty Well is going mighty far!

Profile picture of Jessica Lynch
Jessica Lynch
Investor
over 7 years ago

About Mighty Well

Legal Name
Mighty Well Inc.
Founded
Sep 2016
Form
Delaware Corporation
Employees
8
Website
mighty-well.com
Social Media
Headquarters
Google Map location of of Mighty Well
45 Catherine Street , Newport, RI
Headquarters
45 Catherine Street, Newport, RI, United States 02840

Mighty Well Team
Everyone helping build Mighty Well, not limited to employees

Profile picture of Emily  Levy
Emily Levy
CEO and Co-Founder
Award-Winning Entrepreneur • Keynote Speaker • Babson College '16 w/ a Scholarship for Women’s Entrepreneurial Leadership • Technology, Entrepreneurship, & Design (TED) Major • Former Community Manager at Veems • MassChallenge & DraperU Alumna
Profile picture of Yousef Al-Humaidhi
Yousef Al-Humaidhi
CFO and Co-Founder
Kuwaiti-American Impact Investor • Financial Analyst @ Wafra Capital Partners By Day-Startup Co-Founder for Life • Babson College '15 w/ Full Academic Scholarship • Entrepreneurship, Finance, & Economics Majors • MassChallenge & DraperU Alumnus
Profile picture of Leslie Smith
Leslie Smith
CSO and Executive Chairman
Former CEO of Ralph Lauren Footwear • Former President of Rue La La • Former President & Senior VP of Global Footwear at Reebok • Current Board of Directors of Boston Children’s Hospital League
Profile picture of Julianne Gauron
Julianne Gauron
Creative Lead
Industrial Designer • Writer • Photographer • Former Designer for: New Balance, Burberry, North Face, NASA RISD Space Grant, & Dear Kate • Designed Olympic Uniforms & Apparel for the Military Special Forces • Former RISD Professor
Profile picture of Maria del Mar Gomez Viyella
Maria del Mar Gomez Viyella
Co-Founder
Award-Winning Latina Entrepreneur with Background in International Family Business • Babson College '16 • Dual Concentrations in TED & Environmental Sustainability • Fluent in Spanish • MassChallenge, WIN Lab & DraperU Alumna
Profile picture of Elizabeth McGarry
Elizabeth McGarry
Lead Product Designer
Award-Winning Sports & Streetwear Designer • Former Reebok International Senior Design Manager, Global Men's & Women's Classics Apparel • Former Nike Sportswear Women’s Apparel Designer • Principal of McGarry&sons
Profile picture of Lior Schneider
Lior Schneider
SEO Analyst
Experienced Marketing Manager with Expertise in SEO/SEM/PPC Management • International Digital Marketing Experience in Both Israel & Boston • Former Special Intelligence Solider in the Israeli Defense Force
Profile picture of Irene Enriquez-Chan
Irene Enriquez-Chan
Digital Content Manager
Former Head of Communications for Veems App in Israel • Passionate about Blogging, Writing, Growth Hacking, and Growing Startups
Profile picture of Patricia  Henriques
Patricia Henriques
Board Observer and Operations Advisor
Serial Entrepreneur • Former CEO of Management Alternatives Inc. with Successful Exit • Expertise in Government Contracts, Systems, and Operations • Executive in Residence at Babson College, Georgetown, and Oklahoma State University
Profile picture of Paula Lamagna
Paula Lamagna
Healthcare Advisor
Boston Children's Hospital Education Coordinator for the IV Team • BSN, RN, VA-BC, CPUI • The Association of Vascular Access Education Team Member • Expert in Pediatrics and Adult Educational Policy
7 more team members
Emily Levy
CEO and Co-Founder
Yousef Al-Humaidhi
CFO and Co-Founder
Leslie Smith
CSO and Executive Chairman
Julianne Gauron
Creative Lead
Maria del Mar Gomez Viyella
Co-Founder
Elizabeth McGarry
Lead Product Designer
Lior Schneider
SEO Analyst
Irene Enriquez-Chan
Digital Content Manager
Patricia Henriques
Board Observer and Operations Advisor
Paula Lamagna
Healthcare Advisor

Press

Interview with Emily Levy, Founder and CEO at Mighty Well...
Usaweekly Usaweekly
·
Jan 20, 2018

Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are m...

Introducing Rhode Island Inno's Inaugural 50 on Fire
AINNO AINNO
·
Dec 19, 2017

In the nearly six months since Rhode Island Inno's official debut, we've worked to showcase the people, companies and tre...

Two Babson Alumni Businesses to Appear on 'Meet the Drape...
News & Announcements Blog News & Announcements Blog
·
Dec 4, 2017

Well-known Silicon Valley venture capitalist Tim Draper, and his similarly-famed VC father and daughter, have launched a ...

How to Thrive Like Wonder Woman During Times of Major Crisis
Entrepreneur Entrepreneur
·
Nov 8, 2017

From the war room to the battlefield, the world was continually blowing up around Diana Prince. Yet Diana, aka Wonder Wom...

StartupStories: Mighty Well Paves The Way For Wellness We...
Creative Click Media Creative Click Media
·
Mar 27, 2017

For the final week of National Women's History Month, we're featuring an especially inspiring edition of StartupStories. ...

17 Women to Watch in 2017 - Brown Brothers Harriman
BBH
·
Mar 8, 2017

Since the Center for Women & Wealth launched in 2015, we have met and been inspired by many powerful women who are true p...

Mighty Well named first winner of Babson Breakaway Challe...
·
Oct 12, 2016

BOSTON - During her sophomore year at Babson College, Emily Levy 's college experience took an unexpected turn. She was d...

MassChallenge PICCPerfect, Mighty Well: PICC Line Covers
AINNO AINNO
·
Sep 12, 2016

PICCPerfect, a MassChallenge startup that originated at Babson, is taking on a new name. Up until now, the venture has be...

Undergrads turned entrepreneurs are launching businesses ...
SheKnows SheKnows
·
Jun 22, 2016

During its first year of operation, The Pitch platform began to hear rumblings of incredible entrepreneurial activity hap...

For Babson senior, medical setback becomes a business opp...
BostonGlobe.com
·
Aug 9, 2015

Still just 21 years old, Emily Levy of Wellesley has suffered from chronic Lyme disease since 2007. For six months during...

Babson Student Develops 'PICCPerfect' Medical Dressings -...
Boston Magazine Boston Magazine
·
Apr 24, 2015

Lyme disease survivor Emily Levy is turning #LymeintoLemonAid. Spring semester sophomore year, Emily Levy wore a toeless ...

The Two Factors That Make Male Angels And VCs Interested ...

Pitching is a critical skill for entrepreneurs. It's an opportunity to persuade angel and venture capital investors of yo...

Show all
Logo of Mighty Well

Mighty Well

Mighty Well successfully raised $99,995 from 238 investors on April 1, 2018
Profile picture of Tim Draper
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Tim, Baiping, Leela Gowtham, Martin, Francois, and 233 others invested. 90 Reviews
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